SOXX Bearish DivergenceOne word: SAD. Buyers need to come in and push the price higher, otherwise we're looking at a double top situation.by sparrow_hawk_737Updated 0
This True Range Algorithm is Signaling a Short Term PullbackOn average a position was held about 7 trading days. Check out the strategy results below for detailed statistics. Shortby BullBearBeckhamUpdated 0
Zoltar says: SOXX come to daddyAlmost in the buy zone (box). Might start adding some tomorrow if decline continues.by AllDayInvestor111
Semiconductor sector (SOXX) seem ready to turn its trendSemiconductor sector seems ready for a trend change. Since the March low, the sector has ran up more than triple digit percentage. As much as the sector is damaged less than retail and hospitality, it is very cyclical sector and it does get affected by business cycle. Semi is the canary in a coal mine of the tech sector (XLK), so when this turns, it will be a headwind for the entire tech sector as a whole. When the tech breaks, the market breaks for its heavy weight on the indexes. Recently broke the minor yellow up trend line and reversing right at the long term trend line since last spring. Initial target is the bottom of the trading range. $404ish depending on when it hits it. 2nd target is the horizontal support right below the channel. $384.46 As how bullish the overall sentiment is in the market recently, once it turns, it will be pretty quick move downward. Potential long term targets are listed but SOXX will not going to fall double digit without if XLK and indexes are resilient. Only the time will tell but it will be prudent and be cautious. Scaling down on aggressiveness won't be a bad idea and have some hedges. Have a good trade everyone, T.Shortby TK04210
Semiconductors is way overpricedCorrection in semicoductors started. There are options, depending on market Shortby solidBus76050110
SOXX 5smaNotice how the 5sma has been resistance for the SOXX for the past 12 trading days (red oval). This tells us that short-term, SOXX has to break the 5sma to get out of its current down-trend. The purple line is the 50sma, which is now also resistance, as we crossed below it, and is now touching the 5sma. by dorfmanmaster221
SOXX 30 min view SOX stronger than XLK and QQQ but formed daily chart divergence peak. 30 min chart sees RSI break down 50 together with HA bar showing bearish head. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose. by hanzhao3110
Semiconductors looking interestingSmall explanation: Long over 294, below that is danger and stops hit, signaling possible test to lower levels On each of those lower points, if possible accumulating long positions for long termLongby jasperpf3
Short SOXXBased on Algo - see results below and compare to "buy and hold" by clicking the box.Shortby BullBearBeckham1
Early earnings blowouts point higher for semiconductorsWe've now had a blowout earnings report from $MU, in which EPS beat by 11%, sales by 3%, and guidance by 24%(!). We also got guidance from XLNX yesterday that suggested its revenue will be about 5% higher than previously expected, above the high end of its previous range. This suggests that analysts are underestimating the sector's performance as we head into Q2 earnings season in mid-July. It also suggests that semiconductors will have far more forward visibility than most sectors, with 100% of companies so far providing guidance. Semiconductors usually are one of the strongest sectors on earnings, beating estimates at a much higher-than-average rate. Amidst the pandemic, there's been strong demand for mobile, home computing, and datacenter usage due to people working from home, so the sector has performed well. Granted, these stocks mostly aren't cheap; but investors are paying premiums for a reason. I expect the sector will outperform through the end of July. Those who've been following my posts know that my positioning is mostly defensive: I'm heavy on utilities and consumer staples. Semiconductors have the virtue of being a bit defensive, in that they're relatively insulated against pandemic impact, while also having extraordinarily high growth potential. Historically, SOXX has considerably outperformed the S&P 500. Longby ChristopherCarrollSmith4413
SOXX 47% profit on 2nd COVID-19 market dropLong -term investment idea for ETF SOXX on potential 2nd COVID-19 market drop. SOXX 47% profit / Long trade 182.98 -> 269.57 / TrailStop 26.32 (Trailing Stop with _ below the market). Profit: 47%, Risk: 23.5%, Risk ratio = 1/2 Allocation: 15% of the portfolio All equities from our ideas was fundamentally checked and have good ratios (P/E, Debt/Equity, Sales past 5Y, Profit Margin) together with strong long-term up trends. Stay tuned with more ideas and market signals with our Telegram-bot.Longby RichSimon1
$SOXX - Keeping the price inside the yellow Channel is ok, butWith breaking the lower side, 243.19 is a critical support. Good-luck Not for a suggestion.by Samuel12_19802